Shell (LON:SHEL) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Shell (LON:SHELFree Report) in a report issued on Friday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 44 target price on the stock.

A number of other equities research analysts also recently issued reports on SHEL. Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a research note on Wednesday, April 8th. Berenberg Bank reiterated a “buy” rating on shares of Shell in a research note on Thursday, April 2nd. BNP Paribas Exane downgraded shares of Shell from an “outperform” rating to a “neutral” rating in a report on Friday, April 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of Shell in a research report on Tuesday, April 21st. Finally, Morgan Stanley cut shares of Shell to an “equal weight” rating in a report on Wednesday, March 25th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Shell presently has a consensus rating of “Hold” and an average price target of GBX 2,824.

Read Our Latest Stock Analysis on Shell

Shell Stock Down 1.1%

Shell stock opened at GBX 3,103 on Friday. Shell has a one year low of GBX 2,403.50 and a one year high of GBX 3,592. The stock has a fifty day moving average of GBX 3,331.25 and a 200 day moving average of GBX 2,973.70. The company has a debt-to-equity ratio of 43.58, a quick ratio of 0.87 and a current ratio of 1.27. The stock has a market cap of £173.05 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43.

Insider Transactions at Shell

In related news, insider Wael Sawan acquired 23,980 shares of the stock in a transaction dated Thursday, February 26th. The shares were purchased at an average cost of GBX 3,011 per share, with a total value of £722,037.80. Also, insider Sinead Gorman acquired 15,841 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were bought at an average price of GBX 3,011 per share, with a total value of £476,972.51. Corporate insiders own 0.04% of the company’s stock.

Key Shell News

Here are the key news stories impacting Shell this week:

About Shell

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Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.

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